For the second time in its past three meetings, the Fed has decided to hit pause on further rate hikes this month, while signaling at the same time that it may keep interest rates at a high level for longer than previously expected. Following a two-day…
Four years after Dirk Nowitzki bid farewell as an all-time great and NBA legend, his homeland Germany completed a fairytale run at the 2023 FIBA World Cup, crowning themselves basketball world champions for the first time. Two days after pulling an his…
The global ultra wealthy population will hit a total of 528,100 people by 2027, up from 133,000 in 2022, according to Altrata’s World Ultra Wealth 2023 report. Ultra wealthy people are defined here as those who each have a net worth in excess of $30 mi…
The Group of 20 granted the African Union permanent membership to the forum at its summit in New Delhi, India this weekend, where it will stand as a regional voice on an equal keel with the European Union. The move is being praised for strengthening th…
While Roger Federer’s retirement in the fall of 2022 marked the official end of the “Big Three” era, Novak Djokovic and Rafael Nadal have shown little intention of passing the torch to the next generation. After Nadal dominated the first half of 2022, …
With 3,329 Airbnb listings for an estimated 94,589 inhabitants, Asheville, North Carolina, has the highest Airbnb density out of all U.S. cities and regions analyzed by InsideAirbnb as of June 2023. The project, which scrapes publicly available data fr…
The number of job openings in the United States continued its downward trend in June 2023, as the labor market appears to be coming off the boil. According to the latest Job Openings and Labor Turnover (JOLTS) report, 9.58 million positions remained un…
In the wake of the unprecedented, albeit brief jobs crisis brought about by the Covid-19 pandemic, a new trend emerged in the U.S. labor market in 2021, as tens of millions of Americans voluntarily left their jobs. In 2022, more than 50 million America…
Despite delivering “solid year-over-year revenue growth and dramatic profitability improvements” in the latest quarter, WeWork, the world’s leading provider of flexible office and coworking space, was forced to issue the dreaded “going concern” warning…
Once considered one of the hottest startups out there and valued at a staggering $47 billion, it’s hard to fathom how far and how quickly WeWork has fallen in a matter of just a few years. It was January 2019, when WeWork secured a $6 billion investmen…
